ChancellorDonkey2245
SCENARIO#1 (24) You are…
SCENARIO#1 (24)
You are thepurchasing agent for LEON’S FURNITUE. You have been told that Leon’s is going to have a big boxing day sale on “Color Television Sets on January 2, 2024.
You contact your supplier in China who informs you that the price of the Television Sets will be
$675.00 US each and you require50,000 sets
Number of units: 50,000 Cost per unit: $675.00 USD
Exchange rate: $1 USD = $1.40 CAD GST Rate: standard rate
Certificate of origin not available
Using the Customs Tariff page and information providedyou are asked to …
LDCT, GPT,
8528.73.90 00 – – -Other Televison Sets – NMB 6% AUT, NZT, CCT,
ST, MT, MUST, CIAT, CT, CRT, IT, NT, SLT, PT, COLT, JT, PAT, HNT, KRT, EUT, UAT, CPTPT:
Free
Complete the financial calculations VFCC, VFD, CD, VFT, GST and TDTP for this shipment. All calculations
must be shown for full marks.(6)
VFCC-
VFD
CD
VFT
GST
TDTP
If identical T.V. SETS were manufactured and available in Canada at a cost of $1200.00CAD including GST.
Would it be financially advantages for you to import the T.V’S from the CHINA. Please support your answerwith calculation from both countries (4)
Canada Border Services Agency
Agence des services frontaliers du Canada
CANADA CUSTOMS CODING FORM DOUANESCANADA – FORMULEDE CODAGE
PROTECTED B (WHEN COMPLETED) PROTÉGÉ B (UNE FOISREMPLI)
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
47 CUSTOMS DUTIES
DROITS DE DOUANE
48 SIMA ASSESSMENT COTISATION
DE LMSI
49
EXCISE TAX TAXE D’ACCISE
50
GST TPS
51
TOTAL
46 CARRIER CODE AT IMPORTATION
CODE DETRANSPORTEUR À L’IMPORTATION
45 CARGO CONTROL NO. – N°DE CONTRÔLE DUFRET
44 WAREHOUSE NO.- N° D’ENTREPÔT
43 DEPOSIT -DÉPÔT
B3-3 (04)SCENARIO#1 (24)
You are thepurchasing agent for LEON’S FURNITUE. You have been told that Leon’s is going to have a big boxing day sale on “Color Television Sets on January 2, 2024.
You contact your supplier in China who informs you that the price of the Television Sets will be
$675.00 US each and you require50,000 sets
Number of units: 50,000 Cost per unit: $675.00 USD
Exchange rate: $1 USD = $1.40 CAD GST Rate: standard rate
Certificate of origin not available
Using the Customs Tariff page and information providedyou are asked to …
LDCT, GPT,
8528.73.90 00 – – -Other Televison Sets – NMB 6% AUT, NZT, CCT,
ST, MT, MUST, CIAT, CT, CRT, IT, NT, SLT, PT, COLT, JT, PAT, HNT, KRT, EUT, UAT, CPTPT:
Free
Complete the financial calculations VFCC, VFD, CD, VFT, GST and TDTP for this shipment. All calculations
must be shown for full marks.(6)
VFCC-
VFD
CD
VFT
GST
TDTP
If identical T.V. SETS were manufactured and available in Canada at a cost of $1200.00CAD including GST.
Would it be financially advantages for you to import the T.V’S from the CHINA. Please support your answerwith calculation from both countries (4)
Canada Border Services Agency
Agence des services frontaliers du Canada
CANADA CUSTOMS CODING FORM DOUANESCANADA – FORMULEDE CODAGE
PROTECTED B (WHEN COMPLETED) PROTÉGÉ B (UNE FOISREMPLI)
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
21 LINE
LIGNE
22 DESCRIPTION DÉSIGNATION
23 WEIGHT / KGM POIDS / KGM
PREVIOUS TRANSACTION – TRANSACTION ANTÉRIEURE
26 SPECIAL AUTHORITY AUTORISATION SPÉCIALE
24 NUMBER – NUMÉRO
25 LINE-LIGNE
27 CLASSIFICATION NO. N°DE CLASSEMENT
28 TARIFF CODE TARIFAIRE
29 QUANTITY QUANTITÉ
30 U – M
31 VFD CODE CODE VD
32 SIMA CODE CODE DE LMSI
33 RATE OF CUSTOMS DUTY TAUX DE DROIT DE DOUANE
34 E.T. RATE TAUX T.A.
35 RATE OF GST TAUX DE TPS
36 VALUE FOR CURRENCY CONVERSION CONVERSION VALEURPOUR CHANGE
37 VALUE FOR DUTY VALEUREN DOUANE
38 CUSTOMS DUTIES DROITS DE DOUANE
39 SIMA ASSESSMENT COTISATION DE LMSI
40 EXCISE TAX TAXED’ACCISE
41 VALUE FOR TAX VALEUR POURTAXE
42 GST TPS
47 CUSTOMS DUTIES
DROITS DE DOUANE
48 SIMA ASSESSMENT COTISATION
DE LMSI
49
EXCISE TAX TAXE D’ACCISE
50
GST TPS
51
TOTAL
46 CARRIER CODE AT IMPORTATION
CODE DETRANSPORTEUR À L’IMPORTATION
45 CARGO CONTROL NO. – N°DE CONTRÔLE DUFRET
44 WAREHOUSE NO.- N° D’ENTREPÔT
43 DEPOSIT -DÉPÔT
B3-3 (04)
